Gold Holds Steady on Safe-haven Demand, Weaker Dollar

(Reuters) Gold was little changed on Monday, supported by safe haven interest amid rising geopolitical tensions over North Korea and a weaker dollar. Investors are closely watching developments after the reclusive state fired four ballistic missiles into the sea off Japan’s northwest coast, days after it promised retaliation over U.S.-South Korean military drills.

“There is still plenty of critical uncertainty supporting safe-haven buying and the news out of North Korea certainly has seen that side of the market quite active again,” said ANZ analyst Daniel Hynes.

To read the entire article, click here. 

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply